Category: Annuities

ATTORNEY NEWSLETTER The Downsides to Annuities in Retirement Plans Consider Other Tax-Deferred Options Risks to Seniors Our litigators recommend against annuities because commissions, fees and surrender penalties reduce returns and make it expensive to get your money out if you need it. We especially advise against any such investment for […]

ATTORNEY NEWSLETTER Balanced Choice Annuities From Athene Annuity and Life Company Athene Annuity and Life Company, formerly Aviva Annuity and Life Company,[1] issues fixed indexed annuities in California and throughout the United States under the trade names BCA Elevate©, Balanced Choice ©, and Balanced Choice Annuity Elevate ©. These contracts, […]

ATTORNEY NEWSLETTER How Insurance Agents May Financially Exploit Seniors Unscrupulous insurance agents, financial advisors and trustees target vulnerable seniors for financial elder abuse. A recently reported California case[1] illustrates what can happen to unsuspecting elderly consumers.  According to a complaint filed by an elderly couple in Southern California, an independent […]

ATTORNEY NEWSLETTER Full and Partial Surrenders or Cancellations of Nationwide Life and Annuity Insurance Company Annuities Nationwide Life and Annuity Insurance Company, part of the Nationwide Mutual Insurance Group, issues fixed indexed annuities in California under the trade names Nationwide New Heights©, Nationwide High Point 365 ©, and Nationwide High […]

ATTORNEY NEWSLETTER Regulators Take Closer Look Investigating Annuity Sales Practices Our litigators recommend against annuities because commissions, fees and surrender penalties reduce returns and make it expensive to get your money out if you need it. Agents may pitch you on an annuity for your retirement plan. We advise against […]

ATTORNEY NEWSLETTER Avoid The Push Toward Annuities Insurance Agents and Banks Earn Commissions on Sales America has been in a low-interest-rate economy for years and returns on Certificates of Deposit have been on the low side for some time.  Now bank rates are inching up and shaky stock and bond […]

ATTORNEY NEWSLETTER Fixed Annuities Are Not Simple Understanding How Much Interest You Earn Fixed annuities are sold by agents as safe harbors in stormy markets. Don’t buy it. Fixed annuities aren’t risk-free investment options and the rules for crediting interest under your policy likely mean you will earn much less […]

ATTORNEY NEWSLETTER Class Action Against Security Benefit Life Insurance Company Three consumers recently filed a national class-action lawsuit against Security Benefit Life Insurance Co. for misrepresentations made by Security Benefit in connection with the sale of certain of its fixed indexed annuities. Evans Law Firm, Inc. represents the plaintiffs.  The […]

ATTORNEY NEWSLETTER Understand What An Agent Is Trying To Sell You Resist High-Pressure Sales Annuities Are Expensive, Complicated Insurance Products A recent study shows only 27% of Americans believe they will be financially secure in retirement. Insurance agents dwell on statistics like that, especially when luring older consumers into annuities. […]

ATTORNEY NEWSLETTER Seniors Targets of Financial Elder Abuse If You’re a Victim, We Can Help Unscrupulous stockbrokers, insurance agents, financial advisors and retirement planners all prey on seniors with money to invest. Seniors are natural targets as they hold 1/3 of the nation’s wealth. Seniors may also be more receptive […]